COMPANY REGISTRATION NUMBER:
14614305
|
FILLETED UNAUDITED FINANCIAL STATEMENTS |
|
|
STATEMENT OF FINANCIAL POSITION |
|
31 March 2025
Current assets
|
Debtors |
5 |
171,101 |
75,884 |
|
Cash at bank and in hand |
78,706 |
415 |
|
--------- |
-------- |
|
249,807 |
76,299 |
|
|
|
|
|
Creditors: amounts falling due within one year |
6 |
(
250,061) |
(
76,298) |
|
--------- |
-------- |
|
Net current (liabilities)/assets |
(
254) |
1 |
|
---- |
---- |
|
Total assets less current liabilities |
(
254) |
1 |
|
---- |
---- |
|
|
|
|
Capital and reserves
|
Called up share capital |
1 |
1 |
|
Profit and loss account |
(
255) |
– |
|
---- |
---- |
|
Shareholders (deficit)/funds |
(
254) |
1 |
|
---- |
---- |
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
23 December 2025
, and are signed on behalf of the board by:
Company registration number:
14614305
|
NOTES TO THE FINANCIAL STATEMENTS |
|
YEAR ENDED 31 MARCH 2025
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Tower House, Lucy Tower Streets, Lincoln, LN1 1XW, England.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis and in in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The actual outcome may diverge from these estimates if other assumptions are made, or other conditions arise. No significant judgements or estimates have been made by management in the process of applying the entity's accounting policies that would have a significant effect on the amounts recognised in the financial statements.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Financial instruments
The company only holds basic financial instruments as defined in FRS 102. The financial assets and financial liabilities of the company and their measurement basis are as follows: Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost. Financial liabilities - trade creditors and other creditors are financial instruments, and are measured at amortised cost. Taxation and social security are not included in the financial instruments disclosure definition.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
12
(2024:
7
).
5.
Debtors
|
2025 |
2024 |
|
£ |
£ |
|
Trade debtors |
113,579 |
– |
|
Other debtors |
57,522 |
75,884 |
|
--------- |
-------- |
|
171,101 |
75,884 |
|
--------- |
-------- |
|
|
|
6.
Creditors:
amounts falling due within one year
|
2025 |
2024 |
|
£ |
£ |
|
Trade creditors |
65,421 |
34,220 |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
158,298 |
42,078 |
|
Social security and other taxes |
26,342 |
– |
|
--------- |
-------- |
|
250,061 |
76,298 |
|
--------- |
-------- |
|
|
|
7.
Related party transactions
The company was under the control of SMS Corporate Partner Limited throughout the current period. SMS Corporate Partner Limited is owned by the partners of Streets Management Services, a general commercial partnership. All of the company turnover relates to sales with related entities under the control of the partners of Streets Management Services. The company did not enter into any other transactions during the current period, such as would require disclosure in accordance with FRS 102 section 1A.